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Approaching Widening Bailouts with Caution 

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When Congress passed an unprecedented $700 billion bailout of the financial sector, I warned that it would pave the way for future bailouts, and sadly, that prediction has proven true as the Big Three American car manufacturers are asking for a $25 billion bailout.  No one wants these companies to fail, but it would be a grave mistake for the federal government to bailout these companies without fundamentally reforming their business models.

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